UBS to sell 3 banks, GAM for $4.55 billion to Baer

LONDON (MarketWatch) -- UBS on Monday agreed to sell three private banks and its GAM asset management division to Julius Baer for $4.55 billion in cash and stock. See full story.

Bush nominates Roberts to be next chief justice

LONDON (MarketWatch) -- President Bush on Monday quickly moved to find a successor to William Rehnquist as chief justice of the U.S. Supreme Court, nominating John Roberts for the post. See full story.

Market Snapshot: Katrina effect to stay with stocks next week

NEW YORK (MarketWatch) - U.S. stocks could come under pressure next week as more details emerge about the extent of Hurricane Katrina's devastation and its impact on the nation's economy, experts said. See full story.

Volkswagen aims to cut more staff

LONDON (MarketWatch) -- Volkswagen AG, Europe's leading seller of automobiles, on Monday said it's boosting effort to cut jobs because it's overstaffed by "several thousand" employees. See full story.

Asia Markets: Nikkei lifted by oil, election poll; region ends mixed

LONDON (MarketWatch) -- Asian markets finished mixed Monday, though Japan's Nikkei was lifted by weaker crude and a poll by an influential business daily suggesting the ruling party will return to power in Sept. 11 elections. See full story.

Footing a lower bill: The two biggest gas-saving tricks

SAN FRANCISCO (MarketWatch) -- Ever-steeper gas prices may cause more families to park the car in the garage this Labor Day weekend, but drivers can control gas costs more than they realize, according to a study testing gas-saving myths. See full story.

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